GOV. ODODO’S EXECUTIVE PROCLAMATION NOT STATE OF EMERGENCY . (PHOTO).

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 Gov. Ododo’s Executive Proclamation Not State of Emergency  Kogi State Governor, Alhaji Ahmed Usman Ododo  has clarified that his recent Executive Proclamation on security protocols in the state is not a declaration of a state of emergency but a set of necessary measures to enhance the security architecture to crackdown on criminals in all parts of the state.  This was contained in a statement by the Special Adviser on Media to the Governor, Hon. Ismaila Isah, explaining that the proclamation is a lawful constitutional measure aimed at strengthening security coordination and protecting lives and property across Kogi State.  Gov. Ododo emphasized that it is within his powers as the Chief Security Officer of the state under Section 14 subsection 2(b) of the 1999 Constitution of the Federal Republic of Nigeria (as amended). He noted that the proclamation seeks to enhance collaboration among security agencies without suspending constitutional rights or declaring a ...
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FITCH RATINGS UPGRADES NIGERIA ON THE BACK OF TINUBU'S REFORMS: BLOOMBERG. (PHOTO). #PRESS RELEASE

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 Fitch Ratings upgrades Nigeria on the back of Tinubu's reforms: Bloomberg


Fitch Ratings, a global credit rating agency, has upgraded its credit rating of Nigeria to B due to recent reforms implemented by President Tinubu's administration.


In making the upgrade, Fitch cites improved policy credibility and reduced near-term risks to macroeconomic stability.


What the new rating means for Nigeria: Fitch now has a more positive outlook on the country's economic stability and creditworthiness. The upgrade will increase the country's ability to attract foreign investment, borrow money on international markets at better interest rates, and boost investor confidence. 


“The upgrade reflects increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening, and steps to end deficit monetisation and remove fuel subsidies,” Fitch said in a statement Friday.


In May, the rating agency lifted Nigeria's credit outlook to positive from stable, citing government efforts to restore economic stability. However, it left the rating on its long-term foreign currency debt at B-.

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